Filing of The Day: Lake Union Capital Management Just Opened Huge Modsys International Ltd Position

October 14, 2016Marguerite Chambers

The New Lake Union Capital Management Holding in Modsys International Ltd

Lake Union Capital Management filed with the SEC SC 13D/A form for Modsys International Ltd. The form can be accessed here: 000091957416015875. As reported in Lake Union Capital Management’s form, the filler as of late owns 10.59% or 1,978,329 shares of the -company.

Modsys International Ltd stake is a new one for the and it was filed because of activity on March 28, 2014. We feel this shows Lake Union Capital Management’s positive view for the stock.

The Reporting Persons are filing this Schedule 13D/A to report a change in their beneficial ownership percentage of the Shares, as indicated in Item 5 below.

The Reporting Persons, depending on a number of factors, currently expect to reduce their position in the Issuer.

The Reporting Persons plan on filing on Schedule 13G with respect to the Issuer following the filing of this Schedule 13D/A.

Business Profile

ModSys International Ltd., formerly BluePhoenix Solutions Ltd., develops and markets enterprise legacy migration solutions, and provides tools and professional services to international markets. The Company operates through information technology (IT) modernization solutions segment. The Company’s technologies and services allow businesses to migrate from their legacy mainframe and distributed IT infrastructures to modern environments and programming languages. In addition to the technology tools, the Company provides professional services for project management of migrations, understanding and mapping of the applications, testing, remediation, and ongoing monitoring and management of the environments. The Company performs conversions of legacy databases, such as Integrated Database Management System (IDMS), Adaptable Data Base System (ADABAS), Virtual Storage Access Method (VSAM), Oracle and database 2 (DB2) environments.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

It is down 6.00% since September 14, 2016 and is uptrending. It has outperformed by 0.54% the S&P500.

ModSys International Ltd., formerly BluePhoenix Solutions Ltd., develops and markets enterprise legacy migration solutions, and provides tools and professional services to international markets. The company has a market cap of $. The Firm operates through information technology modernization solutions segment. It currently has negative earnings. The Company’s technologies and services allow businesses to migrate from their legacy mainframe and distributed IT infrastructures to modern environments and programming languages.

Another recent and important Modsys International Ltd (TLV:BPHX) news was published by Quotes.Wsj.com which published an article titled: “News ModSys International Ltd.MDSY” on December 09, 2014.